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Bloomberg Quint
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Heard On The Street: Dealers Spot Action In Astral, IEX, Paytm, Polycab, KEI Industries And More
- Foreign investors show interest in IEX and Paytm expects payment aggregator license, according to dealers.
- Institutional buying in KEI Industries and Polycab, and PVC price cuts impacting Astral, Supreme Industries and Finolex Industries, highlight key dealing room activity.
- IEX share prices rise due to foreign institutional investor buy flows.
- Paytm attracts high-net-worth individuals as the company may receive a payment aggregator license.
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Fintechnews
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72
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UK’s Marshmallow Raises €79.4M to Expand Insurance Services for Immigrants
- London-based motor insurer, Marshmallow, has raised €79.4 million in funding to expand its insurance services for immigrants to the UK.
- The funding round was backed by Portage, BlackRock, and Columbia Lake Partners.
- Marshmallow aims to become a one-stop-financial-shop for newcomers, addressing major financial services barriers and offering affordable solutions for this group.
- The company plans to broaden its services to international markets, helping immigrants who have relocated to other countries.
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Bloomberg Quint
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193
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Indian Housing Market Sees 19% Sales Dip In Q1, Says PropTiger
- Housing sales in eight major Indian cities dipped as rising property prices and a slowdown in new launches dampened buyer sentiment.
- Sales fell 19% YoY to 98,095 units in Q1 2025.
- Mumbai Metropolitan Region (MMR) saw the highest decline in sales, down 26% to 30,705 units.
- Bengaluru and Chennai were the only two cities to report a YoY increase in housing sales.
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Bloomberg Quint
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354
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White House Moves To Limit Newswire Access After AP Lawsuit Win
- The White House is limiting newswire access after the AP won a lawsuit to end viewpoint discrimination.
- Wire services like AP, Reuters, and Bloomberg News will have reduced access to the press pool.
- White House Press Secretary issued new guidelines, stating wire services will be 'eligible for selection' to cover events.
- The changes to the pool arrangement are seen as a means of retaliation by the White House against news organizations.
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SiliconCanals
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287
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Italian fintech startup Tundr raises €7.2M to transform employee benefits: Here’s how
- Tundr, an Italian fintech startup in the corporate welfare space, has raised €7.2M in seed funding.
- The funding round was led by 360 Capital and CDP Venture Capital.
- Tundr operates in the corporate welfare space, providing a digital platform and the Tundr Card for managing employee benefits.
- The funds will be utilized to expand Tundr's digital platform and further penetrate the Italian market.
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Bloomberg Quint
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277
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Chennai Rains: IMD Issues Orange And Yellow Alert; Check Weather Forecast For Tamil Nadu
- The India Meteorological Department (IMD) has issued an orange alert for parts of Tamil Nadu, including Chennai and Thiruvallur, forecasting moderate rain, thunderstorms, and lightning on Wednesday.
- The weather body advised people to take precautions due to thunderstorms and lightning warnings and said to avoid stepping out of the house.
- The intensity of Thunderstorm activity is likely to decrease and moderate thunderstorm activity is likely to continue for a few hours, as per IMD's latest update.
- An orange alert was issued for districts like Chennai, Thiruvallur, Kancheepuram, and Chengalpattu in Tamil Nadu, while districts like Erode, Salem, Dharmapur, Virudhunagar, and Ramanathapuram are under a yellow alert.
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Bloomberg Quint
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370
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Ladki Bahin Scheme To Continue, No Plans To Scrap It, Says Ajit Pawar
- Maharashtra Deputy Chief Minister Ajit Pawar has confirmed that the Ladki Bahin scheme will continue and there are no plans to scrap it.
- Under the scheme, women are provided with Rs 1,500 per month as financial assistance.
- The difference of Rs 500 is paid to women who receive benefits of less than Rs 1,500 under other government schemes.
- No changes have been made to the scheme, and no eligible woman has been excluded from it.
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Bloomberg Quint
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394
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US Judge Temporarily Halts Trump Administration From Deporting Indian Student
- A US federal judge has temporarily blocked the Trump administration from deporting a 21-year-old undergraduate Indian student, Krish Lal Isserdasani, whose student visa was cancelled.
- Isserdasani was pursuing a bachelor’s degree in computer engineering at the University of Wisconsin-Madison with an F-1 student visa and was in his final semester with less than 30 days remaining until graduation on May 10, 2025.
- Despite an arrest for disorderly conduct, charges were not pursued, and Isserdasani had no other interactions with law enforcement, but his student visa was abruptly terminated on April 4, 2025.
- The termination prevented him from completing his degree and applying for Optional Practical Training linked to his F-1 visa.
- The court documents revealed that Isserdasani received no prior communication regarding the revocation of his visa, causing financial losses and psychological distress.
- District Judge William Conley granted a temporary restraining order, halting the termination of Isserdasani’s F-1 student status records pending a preliminary injunction hearing on April 28.
- Madison attorney Shabnam Lotfi noted the significance of the ruling as a victory for international students facing sudden SEVIS record terminations, amid a broader immigration crackdown by the Trump administration.
- Approximately 1,300 students nationwide have experienced abrupt SEVIS record terminations, reflecting a trend of targeting foreign nationals associated with prestigious American universities.
- The court will conduct a preliminary injunction hearing to further address Isserdasani's case and the implications of the SEVIS record termination on April 28.
- This development comes against the backdrop of increased scrutiny on international students in the US amidst the Trump administration's immigration policies.
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23 Likes
SiliconCanals
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120
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Topgolf founders raise €29M to launch Poolhouse to reinvent the pool with interactive venues
- London-based Poolhouse has raised €29M in seed funding round to launch its tech-enabled pool entertainment business.
- Investors include Sharp Alpha, dmg ventures, David Blitzer, Simon Sports, Active Partners, and Emerging Fund.
- The funds will be used to roll out Poolhouse venues, starting with a 21,500 sqft site in London.
- Poolhouse aims to reinvent the game of pool with interactive venues and a diverse library of interactive pool games.
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Global Fintech Series
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52
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Snapdocs Study Finds 90% of Lenders Offer Digital Closings, Yet Only 14% Achieve High Adoption
- 90% of mortgage lenders now offer digital closings, according to a study by Snapdocs.
- Only 14% of lenders with eClosing technology close more than 80% of their loans digitally.
- The top benefits of eClosing technology include improved borrower satisfaction, greater staff efficiency, and fewer errors on closing documents.
- Barriers to adoption include high technology costs, lack of stakeholder usage, and technology issues.
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3 Likes
Global Fintech Series
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Ideem Raises $2.4MM Seed Round to Make 2FA Easy and Invisible for Users and Payments
- Ideem, a company rethinking how users complete payments online, raised a $2.4MM Seed funding round.
- The funding will accelerate Ideem’s mission to remove the friction, fraud, and costs in today’s mobile payment flows.
- Ideem's solution replaces outdated methods with a fast, seamless, and secure experience for mobile-first commerce platforms.
- With the new funding, Ideem plans to scale its partnerships across rapidly digitizing markets.
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5 Likes
Bloomberg Quint
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382
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JEE Main Session 2 Result 2025: Know Date, Time, Official Website And What’s Next
- The National Testing Agency (NTA) is expected to release the results for the Joint Entrance Examination (JEE) Main 2025 Session 2 on or before April 17.
- Once declared, candidates can access their scorecards through the official portal jeemain.nta.nic.in.
- The Session 2 Paper 1 exam for BE/BTech courses was conducted on Apr. 2, 3, 4, 7 and 8 at 531 centers in India and overseas.
- Candidates who pass the JEE Main 2025 will be eligible for admission to NITs, IIITs, GFTIs, and other institutions through the JoSAA counseling process.
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23 Likes
Medium
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The Founder’s Guide to Term Sheets
- Term sheets are like Tinder profiles - everyone looks good at first glance, but there's fine print to watch out for.
- Reading and understanding term sheets is important to secure a favorable outcome for startup founders.
- This article offers a founder-first explanation of important term sheet clauses.
- The intention is to empower startup founders with knowledge and provide insight on when to seek legal help.
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Bloomberg Quint
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318
Image Credit: Bloomberg Quint
AAP MLA Kulwant Singh, Rajasthan Congress Leader Khachariyawas Premises Raised By ED
- The Enforcement Directorate (ED) raided the premises of Rajasthan Congress leader and former minister Pratap Singh Khachariyawas and Punjab AAP MLA Kulwant Singh as part of a money laundering probe.
- Around 15 premises, including Khachariyawas' house in Jaipur and Singh's premises in Punjab's Mohali, are being searched by the ED.
- A security team of the CRPF has been deployed with the ED teams at both locations.
- The investigation is related to a Rs 48,000-crore PACL Ponzi fraud and alleged proceeds of crime are suspected to have been diverted to entities linked to Khachariyawas.
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Economic Times
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35
Image Credit: Economic Times
Drone startup Garuda Aerospace secures Rs 100 crore funding from Venture Catalysts at $250 million valuation
- Drone startup Garuda Aerospace raised Rs 100 crore in series B funding from Venture Catalysts.
- The company plans to enhance drone manufacturing capabilities and scale up production facility.
- Garuda Aerospace aims to advance both civilian and defence drone innovations.
- The Chennai-based company operates a fleet of 400 drones and has served over 750 clients, including Tatas, Adani, and government agencies.
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